{"id":89894,"date":"2021-10-18t00:00:12","date_gmt":"2021-10-18t04:00:12","guid":{"rendered":"\/\/www.g005e.com\/?p=89894"},"modified":"2023-05-26t23:44:33","modified_gmt":"2023-05-27t03:44:33","slug":"nobody-loves-the-wayfair-decision","status":"publish","type":"post","link":"\/\/www.g005e.com\/2021\/10\/18\/nobody-loves-the-wayfair-decision\/","title":{"rendered":"survey: nobody loves the wayfair decision"},"content":{"rendered":"

nobody.<\/strong><\/p>\n

\"\"<\/p>\n

watching out for wayfair:<\/strong>
\ncalamity or opportunity for accountants?<\/strong>
\njoin the survey. get the answers<\/a><\/span><\/h4>\n

 <\/p>\n

by 卡塔尔世界杯常规比赛时间 research
\n<\/em>卡塔尔世界杯常规比赛时间-avalara business confidence index<\/em><\/p>\n

in 2018, the supreme court endowed american businesses and accountants with a massive migraine known as the wayfair decision.<\/p>\n

more:\u00a0your best advice: get smart, get tech, get moving<\/a> |\u00a0survey: worries for small business clients<\/a> |\u00a0busy season forecast: more chaos<\/a> |\u00a0pop quiz: can you find $330,000 for your clients?<\/a> |\u00a0survey: your favorite desktop pc<\/a><\/p><\/blockquote>\n

\"\"
on the frontlines of online commerce:<\/strong> kridel, stalwart, metzger, saarinen<\/figcaption><\/figure>\n

the 卡塔尔世界杯常规比赛时间 barometer – avalara business confidence index didn\u2019t turn up much love for wayfair. in fact, not one comment spoke well of it. the vocabulary said it all. among the words we heard: burden, headache, pain in the butt, mess, awful, hardship, nightmare, complication, costly, detrimental, wasted time, potentially catastrophic, quagmire.<\/p>\n

but perhaps the single most common comment was \u201ci don\u2019t know.\u201d<\/p>\n

it was a 5-4 decision. the court ruled that states can generally require out-of-state sellers to collect and remit sales tax for in-state sales even if the seller has no physical presence in the buyer\u2019s state.<\/p>\n

it isn\u2019t the money<\/strong><\/p>\n

the decision exempts smaller companies that do little business in any given state. but for other companies doing substantive interstate sales\u2014i.e. just about everybody selling over the internet\u2014the bureaucratic burden can be crushing. not all states require the interstate tax, but why wouldn\u2019t they, now that they can? how long until virtually every business has to grapple with 50 different state tax bureaucracies?<\/p>\n

it isn\u2019t the money. retailers won\u2019t see a change to their bottom lines. buyers pay the tax, and out-of-state and in-state sellers will be at a competitive par, a boost to main st. brick-and-mortar businesses.<\/p>\n

or, as michael kridel explains it, \u201conline competition will increase as the price point differentiation offered by no sales tax purchases is rapidly evaporating, creating less disparity for buyers.\u201d<\/p>\n

state tax collectors\u00a0 may be the only people hearing the sweet sound of \u201ccha-ching.\u201d but even they should be worried. interstate sales tax may add much-needed revenue to state treasuries, but at the same time, it may exterminate many medium-size interstate retailers in those states.<\/p>\n

louis alfred nickolas stalwart, of hallandale beach, fla., puts it simply: \u201cmany small businesses will either close their doors or ignore the requirements a la wayfair.\u201d<\/p>\n

brian metzger, a principal at grizzle, glenn, adams & martin, in northeast georgia, takes that notion a step further, pointing out the unfairness of it.<\/p>\n

\u201cit will make it much more difficult for small businesses to scale up their online commerce operations,\u201d metzger says, \u201cleaving only the largest players (amazon, etc) to be in full compliance…which is why amazon and others are fine with wayfair.\u201d<\/p>\n

 <\/p>\n

bureaucratic boulders<\/strong><\/p>\n

but annette saarinen, of accountax of oregon, inc., recognizes one fair side of the new way of doing business.\u00a0\u201cthe reason e-commerce was so popular was to avoid the sales tax,\u201d she says. \u201cit gave an unfair advantage to online companies. all people should pay the sales tax as it applies in their states. it’s putting the sales tax issue onto a more level playing field.\u201d<\/p>\n

a level playing field is fine, of course, but who wants to play on a level field strewn with bureaucratic boulders and legal landmines?<\/p>\n

a certain anonymous cpa, whose clients are mostly not in full compliance with requirements, sounds especially bitter, telling us, \u201cmore greedy politicians, more unnecessary work for accountants, will suck more money out of the economy, but the politicians don’t care.\u201d<\/p>\n

 <\/p>\n

felonious territory<\/strong><\/p>\n

apparently, a lot of clients are not in compliance. the barometer revealed that just over two percent of respondents say all or almost all their clients are in full compliance, though another 12.2 percent say theirs are mostly in full compliance.<\/p>\n

in other words, a good 85 percent of american cpas have client retailers who are in the felonious territory.<\/p>\n

many barometer respondents admitted to not yet having enough information about how interstate sales tax will work, what kinds of software will be available, and how smaller businesses will deal with it all. the answers and fallout should become apparent just in time for next year\u2019s business barometer.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

\"\"<\/a>
\naccountants to small business: beware state and local tax issues.<\/b><\/strong>
\nby 卡塔尔世界杯常规比赛时间 research<\/i><\/p>\n

watching out for wayfair:<\/strong><\/b><\/strong>
\ncalamity or opportunity for accountants?<\/strong><\/b><\/strong>
\njoin the survey. get the answers<\/a><\/span><\/h4><\/p>\n","protected":false},"author":17,"featured_media":89913,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[2779,1905,1363,2254,3120,3002,11,1906],"tags":[],"class_list":["post-89894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charts-graphs","category-clients-and-service","category-featured","category-growth","category-pro-member-exclusive","category-special","category-research","category-tax-practice"],"acf":[],"yoast_head":"\nsurvey: nobody loves the wayfair decision - 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